Original scientific paper
https://doi.org/10.2498/cit.1001998
Using Influence Nets in Financial Informatics: A Case Study of Pakistan
Sajjad Haider
; Faculty of Computer Science, Institute of Business Administration, Karachi, Pakistan
Muhammad Shafqat
; UNESCO, Islamabad, Pakistan
Shabih Haider
; Department of Economics and Finance, Institute of Business Administration, Karachi, Pakistan
Abstract
The paper presents an application of Influence Nets (INs) in the field of financial informatics. Influence Nets have primarily been used in war games to model effects based operations but, as shown in this paper, they can prove to be equally useful in other domains requiring decision making under uncertain situations. The primary advantage of INs lies in their ability to acquire knowledge from subject matter experts in problem domains that rely heavily on experts’ opinion. A sample case study from the fields of economics and finance is presented in this paper. The case study models the choices faced by a developing country to recover her economy which is going through a difficult phase due to global financial crisis, internal law and order situation and political instability.
Keywords
influence nets; Bayesian networks; AI in finance; causal maps; financial informatics
Hrčak ID:
85082
URI
Publication date:
30.6.2012.
Visits: 1.198 *